'You Cut My Paycheck, Watch What Happens'

[peppertree]

Company misses yearly $925 million target, corporate furloughs employees to cut expenses, leading to malicious compliance.

Companies are out here making millions in profits (but not enough millions) and still manage to screech like a toddler who is upset about the color of a lollipop.

So, what to do when you're sitting up on your high horse in corporate, and your company is going to miss their annual target of nearly one billion dollars by exactly $75 mil? Who is gonna pay for your third beach house in the Maldives? Action must be taken!

One man shared his experience via Reddit, working for a Fortune 100 oil and gas tech company that took it upon themselves to cut everyone's paycheck by 10%.

They didn't take into account human nature, because this industry had a lot of very educated, talented, and dedicated scientists and engineers.

As ‘Mr. Incredible’ explained:

Everyone quit working unpaid overtime and only worked 36 hours to the minute. And any time something happened on a Friday, sorry, there's no one here to help.

Come September, summer hours end and everyone is leaving after lunch on Friday.

But it gets worse:

Older people decided retiring for 80% was better than working for 90% and retired - and because it was specialized they were very, very hard to replace.

Originally the program was supposed to save the company $17M; they lost way way more than that in lost productivity.

At: https://www.msn.com/en-us/money/smallbusiness/you-cut-my-paycheck-watch-what-happens-company-misses-yearly-925-million-target-corporate-furloughs-employees-to-cut-expenses-leading-to-malicious-compliance/ar-AA16SoDQ

[MichMan]

1. Hopefully, the entire company went under as a result.

And the employees all found other jobs.

[The Jungle 1]

2. When you make a company a lot of money and they don't care...

There is nothing more fun than quitting that job.
Oh boss I am moving on. My last day will be Friday. Have a nice lunch.
Corporate America had most people trapped for years. Those days are over. The bank owned half of you and healthcare owned the other half.

[ret5hd]

3. You're missing the fun part:

[Farmer-Rick]

14. Thanks for posting, this is hilarious

His discussion of putting in your 2 weeks notice is so funny.

After graduating college while waiting to go into the Navy, I was a clerk in the men's department for the Bon-Ton Department Store. I had already put in my 2 weeks notice. I got called in for a write up about a week into my notice.

I had never been written up before in my life. I was written up because a grouchy customer thought I had not waited on her quickly enough. A final FU from Bon-Ton. I quit on the spot. No 2 weeks notice for you.

I asked why did they write me up when they knew I was quitting anyway. They didn't have an answer that made any sense. They said something about this complaint being so bad, (I hadn't gotten off the ladder quickly enough to suit the angry woman.) and claimed others had complained before. If others had complained before, why hadn't anyone told me? The HRO idiot just said, "I told them you would quit". Well she was right.

I never stepped into a Bon-Ton since then. It's a running joke in my family how stupid Bon-Ton is. My friends and family never visited a Bon-Ton because they knew my story. I like to think I contributed to their bankruptcy in 2018.

The best revenge is surviving your enemies. Don't tell me how to hold a grudge.

[BWdem4life]

4. Why is the name of the company hush-hush-top-secret?

Why can't that info be made public?

[WestMichRad]

9. Probably because their lawyers will sue the publisher?

At least that threat is hanging there as a possibility.

If there’s anything that that type of corporation has, it’s a bevy of lawyers (and a willingness to use them).

[BWdem4life]

10. Must be nice

to ba able to prevent people from saying true things about you.

[WestMichRad]

11. Yup. Big Money brings privilege.

[Warpy]

5. HAHAHAHA!

I really, really love this, good for these guys and I sincerely hope it spreads to other industries where some eager beaver bucking for promotion tries the same bullshit. I especially love the early retirements, the nitwits who approved this are soon going to find out exactly how much it takes to train a green worker to take anyone's place, even if they try to bump everybody up a level. They're still going to have to train people for those specialized jobs.

And that doesn't figure in the 10% loss in purchasing power of the guys who hung on while working 10% fewer hours on the clock for that 10% pay cut. Pay cuts go all through the economy just like pay raises do and with the same ripple effect. That means there were likely some staycations instead of road trips so the company sold less gas.

So productivity dropped, recruitment and training costs skyrocketed, and they sold less of their product. Dumbasses thought this was the 80s. They were SO wrong.

A study was done of corporations in the late 90s, those that laid off workers to goose their stock prices back in the 80s did much worse than those who took losses for a few months to keep their full workforce intact during slack periods. I guess these bozos didn't bother to read it.

[NBachers]

6. Nice business school model there, dudes

[pansypoo53219]

7. shouldn't just the CEO's pay get cut?

[lastlib]

8. WHAT??!? Make the 1% suffer??

Off with your head, you heretic!

Why, that poor man would probly have to give up one cigar a week at the yacht club! Oh, the humanity!

[NCjack]

12. Cheating employees leads to sabotage and the death of a company.

It takes forms that are difficult for managers to see.

The more valuable employees withhold their excellent ideas. If a manager makes a mistake in an instruction, they implement it exactly as stated, and they are "shocked" when it crashes and burns. When a vacancy in management occurs, they praise a candidate who is unlikely to succeed.

And, the best leave for a better deal.

[bucolic_frolic]

13. Organizational Psychology is rarely understood by management

They have to call in Industrial Psychologists when the wheels come off